Boerse Stuttgart, Germany's second largest stock exchange, gave good news to the Bitcoin (BTC) and cryptocurrency community on February 25. The stock exchange has decided to list the short position oriented version of the Bitcoin ETP, which previously only listed one type.
New Bitcoin Product from Amun!
The listing application made by 21Shares or formerly Amun actually offers investors a chance to earn income while the BTC price is falling. The short position can be explained mainly by making a claim and depositing the price of an asset will decrease.
Amun's Short Bitcoin ETP (SBTC) was listed in SIX Swiss Exchange, one of the leading exchanges of Switzerland in previous months. This product, listed on Boerse Stuttgart, which reached an incredible commercial volume of 67.5 billion euros last year, is thought to make a significant contribution to the BTC price.
With Bitcoin and XRP, you can trade up to 100 times leverage on Bitmex with a 10% commission discount.
Hany Rashwan, 21Shares CEO, said in a statement on the subject:
“Investors in Germany showed great interest for the previous crypto-based product, and in the continuation of this interest, we also decided to list the Short Bitcoin ETP product.”
SBTC, which will be traded in Euros, will be supported and regulated by 1 to 1. 21Shares previously launched derivatives indexed to the value of Bitcoin, Ether, XRP, Binance Coin and Tezos.
Amun AG has recently obtained permission from regulators to open up to the EU market. The reason for the permission that Amun received is now revealed.
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